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Airline stocks crash as rising COVID-19 cases hit Wall Street hard
July 19, 2021 09:31 PM EDT| By Furquan MoharkanShares of US airline companies crashed on Monday as a spike in COVID-19 cases raised alarm bells about the economic recovery, hitting hard one of the sectors, which thrives only when the pandemic restrictions are eased. Shares of United Airlines Hol...
US stocks decline over fears of rising COVID cases
July 19, 2021 05:38 PM EDT| By Team Kalkine MediaBenchmark US indices edged lower on Monday, July 19, amid concerns over the Covid-19 cases. Investors sold off airline and cruise stocks fearing that the rebound in new cases could lead to new restrictions and delay the recovery from pandemic. The S...
India’s digital payments giant Paytm files for US$2.2 billion IPO
July 19, 2021 04:17 AM EDT| By Furquan MoharkanPaytm, the digital payments start-up of India, is set to launch its Initial Public Offering (IPO) worth INR166 billion (US$2.2 billion), it informed the country’s market regulator – Securities and Exchange Board of India (SEBI) – in...
Four days to go for Tokyo Olympics: The carnival set to begin this week
July 19, 2021 12:23 AM EDT| By Furquan MoharkanThe 2020 Summer Olympics games are just around the corner and will be held mostly in the Japanese capital city of Tokyo. Having been deferred for over a year due to the COVID-19 pandemic, the mega-sports event will begin later this week on 23 July 20...
Senate Democrats draft bill to legalize cannabis: A look at eight global cannabis shares
July 18, 2021 10:58 PM EDT| By Tripti JoshiSummary Senate Democrats plan to announce a draft bill to end the federal prohibition on cannabis and remove federal non-violent cannabis convictions. The Canadian cannabis players may benefit the most from the US federal legalization as curren.....
APAC markets in red as investors track oil prices
July 18, 2021 10:41 PM EDT| By Furquan MoharkanSummary The equity markets in APAC have opened in the red. Investors are guarded after the OPEC deal. China, Australia and Japan were the worst performing markets in the morning; Hong Kong was the best. The equity markets across the Asia .....
Is Tesla Cybertruck a giant leap in design?
July 18, 2021 09:15 PM EDT| By Anam SiddiquiSummary Tesla is set to bring its Cybertruck into the market, boasting unconventional sharp trapezoid design without door handles. While Tesla's all-electric SUV and sedan are already witnessing strong popularity, Cybertruck will mark the.....
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How to invest in stocks of foreign companies?
July 18, 2021 04:17 AM EDT| By ManikaSummary These days there are many opportunities for investing in foreign stocks One can do it through ADRs, GDRS An investor can also buy ETFs or international mutual funds besides foreign direct investment route. Gone are the days when i.....
Can APEC meeting led by New Zealand lead to a meaningful outcome?
July 18, 2021 12:45 AM EDT| By ManikaSummary APEC meeting was virtually hosted by New Zealand and chaired by Prime Minister Jacinda Ardern The main aim of the meeting was to discuss ways to strengthen drive against COVID-19 The U.S. emphasizes the need for multilateralism. T.....
Stablecoins come under the scanner of U.S regulators on Monday
July 18, 2021 12:33 AM EDT| By ManikaThe regulators around the world are becoming serious about the role of stablecoins in financial system. The Treasury Secretary Janet Yellen along with the U.S. Government’s Working Group on Financial Markets will be discussing the role of sta.....
Why regular physical activity is critical to your mental health
July 17, 2021 10:48 AM EDT| By Team Kalkine MediaAlthough the benefits of regular exercise are well-established, most people find it hard to accomplish. Yet, time and again, experts have emphasized the importance of everyday workouts to your physical and mental health. According to 2019 data of th...
US stocks end lower after retail sales boost
July 16, 2021 05:14 PM EDT| By Sanjeeb BaruahBenchmark US indices closed the week lower on Friday, July 16, as losses in cyclical stocks eclipsed the gains in growth stocks after the commerce department said retail sales rose marginally in June. The S&P 500 was down 0.75% to 4,327.16. The...
Ranked: Top five dotcoms raking in the highest revenues
July 16, 2021 02:35 PM EDT| By Furquan MoharkanBack in 1990s, the mania around the dotcom businesses had gripped the globe. The mania was so extreme that between 1995 and 2000, the tech-heavy Nasdaq Composite index rose by an astounding 400%. The index’s price to earnings (PE) ratio soared...
Are these 10 global technology companies poised to grow in FY21?
July 16, 2021 03:58 AM EDT| By ManikaSummary For technology companies, numbers don’t matter that much. The cutting-edge technology is what makes investors interested about them. There are many cloud-based companies poised to do well in FY21. For technology stocks.....
Fitness firm F45 starts trading on NYSE; raises US$325 million via IPO
July 16, 2021 02:52 AM EDT| By Team Kalkine MediaF45 Training Holdings Inc, a global fitness company, rolled out its initial public offering (IPO) yesterday on the New York Stock Exchange (NYSE) at a market value of US$1.6 billion. The company listed its shares for trading under the ticker symbol.....
S&P, NASDAQ retreat as growth stocks slip
July 15, 2021 05:54 PM EDT| By Sanjeeb BaruahThe blue-chip S&P 500 and tech-heavy NASDAQ Composite closed lower on Thursday, July 15, weighed down by technology, energy, and consumer discretionary stocks after positive labor data. The S&P 500 fell 0.33% to 4,360.03. The Dow Jones was u...
APAC countries churn out a mixed bag of macro numbers
July 15, 2021 01:45 AM EDT| By Furquan MoharkanSummary China reports a massive dip in its GDP growth. Australia’s unemployment rate falls below 5%. It marks Eight consecutive month of job market improvement is Australia The countries in the Asia Pacific (APAC) region came up wit.....
APAC markets open mixed in wake of Powell’s dovish comments
July 15, 2021 12:10 AM EDT| By Furquan MoharkanWith macros in focus, the equity markets across the Asia Pacific (APAC) region were a mixed bag on Thursday morning. The APAC markets followed the trend set by Wall Street overnight. The S&P 500 advanced by 12 basis points to 4,374.30, while the...
US stocks edge higher on Powell's dovish testimony
July 14, 2021 05:43 PM EDT| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 14, after Fed chief Jerome Powell reiterated at a Congressional hearing that inflation is transitory and the economic recovery is on the right path. The S&P 500 was up 0.12% to 4,374.30. The...
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Assassination of Haiti’s President Jovenel Moïse: What we know so far
July 14, 2021 09:15 AM EDT| By Ankit SethiSummary President Moïse was killed on July 7 and his wife was injured in the attack Christian Emmanuel Sanon, a pastor, has been arrested as the alleged conspirator Sanon has denied any wrongdoing Who was President Jovenel Moïse? T...
